Grand Bank CD Rates
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Grand Bank or the Grand Bank and Trust of Florida offers business banking services to its customers, as well as personal banking services, trust and investments, and online banking. Whether you want to open a checking account, a savings account or a certificate of deposit you can do that at Grand Bank. The same holds true if you wish to open a business banking account. If you would like to open a CD account then check out the Grand Bank CD rates right away to learn more.
Grand Bank or the Grand Bank and Trust of Florida offers business banking services to its customers, as well as personal banking services, trust and investments, and online banking. Whether you want to open a checking account, a savings account or a certificate of deposit you can do that at Grand Bank. The same holds true if you wish to open a business banking account. If you would like to open a CD account then check out the Grand Bank CD rates right away to learn more.
If you already have a savings account you may wonder why you should bother to open a certificate of deposit account. You need to compare CDs with traditional savings accounts. While they do bear some resemblance, a savings account is a form of savings while a CD is also a type of savings but it is considered to be an investment. Both of these kinds of accounts have excellent features. However if what you are seeking is a savings option that is longer in term and will make it possible for you to safely and easily earn higher yields over a fixed span of time then the CD is the better option of the two for you to go with.
Think of it this way, you get liquidity with a savings account and can open the account with a lower deposit, while on the other hand a CD offers the stability that only a fixed interest rate can bring with it. The reason this is the case is because you are agreeing to leave your money in the account and not touch it for the length of the CD’s term.
At Grand Bank you can lock in higher interest rates for fixed time periods. The Grand Bank and Trust makes available to its customers a guaranteed interest rate that is such no matter what direction the market goes in. As well, you are given the opportunity and the flexibility of choosing the term that fits in best with your future financial needs.
Here are the current Grand Bank CD rates as of July 16, 2010:
• 3 Months- APY of 0.55%, Rate of 0.55%
• 6 Months- APY of 0.65%, Rate of 0.65%
• 9 Months- APY of 1.05%, Rate of 1.04%
• 1 Year- APY of 1.15%, Rate of 1.14%
• 18 Months- APY of 1.25%, Rate of 1.24%
• 2 Years- APY of 1.45%, Rate of 1.44%
• 2 ½ Years- APY of 1.55%, Rate of 1.54%
• 3 Years- APY of 1.65%, Rate of 1.64%
• 4 Years- APY of 1.75%, Rate of 1.74%
• 5 Years- APY of 1.85%, Rate of 1.84%
To open a CD at Grand Bank requires $1,000. The terms range from three months to five years. Your account will automatically renew once it reaches its maturity date. There is a penalty for early withdrawal from a CD account at Grand Bank.
